Stock Analysis

SUSE First Quarter 2023 Earnings: EPS Beats Expectations

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SUSE (ETR:SUSE) First Quarter 2023 Results

Key Financial Results

  • Revenue: US$168.4m (up 9.7% from 1Q 2022).
  • Net income: US$6.19m (up from US$12.8m loss in 1Q 2022).
  • Profit margin: 3.7% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue.
  • EPS: US$0.037 (up from US$0.076 loss in 1Q 2022).
XTRA:SUSE Earnings and Revenue Growth March 18th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

SUSE EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Software industry in Germany.

Performance of the German Software industry.

The company's shares are down 10.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on SUSE's balance sheet.

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